MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Grows Position in Molina Healthcare, Inc. (NYSE:MOH)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in Molina Healthcare, Inc. (NYSE:MOH) by 406.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,996 shares of the company’s stock after buying an additional 17,654 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Molina Healthcare were worth $7,579,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MOH. V Square Quantitative Management LLC increased its stake in shares of Molina Healthcare by 26.0% during the fourth quarter. V Square Quantitative Management LLC now owns 1,252 shares of the company’s stock worth $452,000 after purchasing an additional 258 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Molina Healthcare in the fourth quarter valued at about $688,000. Wellington Management Group LLP lifted its stake in shares of Molina Healthcare by 12.8% in the fourth quarter. Wellington Management Group LLP now owns 3,831,100 shares of the company’s stock worth $1,384,215,000 after buying an additional 436,060 shares in the last quarter. Vanguard Group Inc. boosted its position in Molina Healthcare by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 6,585,954 shares of the company’s stock worth $2,379,571,000 after acquiring an additional 23,715 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Molina Healthcare by 5.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,208 shares of the company’s stock worth $1,159,000 after acquiring an additional 167 shares during the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Insider Buying and Selling at Molina Healthcare

In related news, CAO Maurice Hebert sold 393 shares of Molina Healthcare stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $346.52, for a total value of $136,182.36. Following the completion of the transaction, the chief accounting officer now owns 9,473 shares in the company, valued at approximately $3,282,583.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Steven J. Orlando sold 1,000 shares of the business’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $339.21, for a total transaction of $339,210.00. Following the completion of the transaction, the director now directly owns 18,025 shares of the company’s stock, valued at approximately $6,114,260.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Maurice Hebert sold 393 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $346.52, for a total transaction of $136,182.36. Following the transaction, the chief accounting officer now owns 9,473 shares of the company’s stock, valued at $3,282,583.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Molina Healthcare Price Performance

Shares of MOH opened at $330.12 on Monday. The firm has a 50-day simple moving average of $342.04 and a two-hundred day simple moving average of $335.09. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.57 and a quick ratio of 1.57. Molina Healthcare, Inc. has a 1-year low of $282.96 and a 1-year high of $423.92. The stock has a market cap of $19.35 billion, a PE ratio of 17.91, a P/E/G ratio of 1.15 and a beta of 0.58.

Molina Healthcare (NYSE:MOH) last released its quarterly earnings results on Wednesday, July 24th. The company reported $5.86 EPS for the quarter, topping analysts’ consensus estimates of $5.73 by $0.13. Molina Healthcare had a return on equity of 28.09% and a net margin of 2.84%. The company had revenue of $9.88 billion for the quarter, compared to analysts’ expectations of $9.75 billion. During the same period in the prior year, the firm earned $5.65 earnings per share. The firm’s revenue was up 18.7% compared to the same quarter last year. As a group, analysts forecast that Molina Healthcare, Inc. will post 23.5 EPS for the current year.

Analyst Ratings Changes

MOH has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their target price on shares of Molina Healthcare from $420.00 to $395.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. StockNews.com downgraded Molina Healthcare from a “buy” rating to a “hold” rating in a research report on Wednesday, September 18th. Stephens restated an “equal weight” rating and issued a $320.00 target price on shares of Molina Healthcare in a report on Thursday, July 25th. Cantor Fitzgerald reiterated an “overweight” rating and set a $406.00 price target on shares of Molina Healthcare in a report on Tuesday, October 1st. Finally, Jefferies Financial Group lowered their price target on shares of Molina Healthcare from $354.00 to $297.00 and set a “hold” rating on the stock in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $378.00.

Molina Healthcare Company Profile

Molina Healthcare, Inc provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments: Medicaid, Medicare, Marketplace, and Other. The company served in across 19 states. The company was founded in 1980 and is headquartered in Long Beach, California.